|9 Months Ended|
Sep. 30, 2015
|Notes to Financial Statements|
NOTE 9 STOCK OPTIONS
On January 29, 2014, the Company authorized the issuance of 1,000,000 stock options to Full Service Marketing. The aggregate fair value of the options totaled $195,885 based on the Black Scholes Merton pricing model using the following estimates: exercise price of $0.27, 0.71% risk free rate, 125% volatility and expected life of the options of 3 years. The Company has booked the $195,885 to additional paid in capital and a deferred expense account, to be amortized over the term of the options. On July 20, 2015 the term of the options was reduced to two years, thus the options have been revalued on that date. The new aggregate fair value of the options totaled $204,291 based on the Black Scholes Merton pricing model using the following estimates: exercise price of $0.27, 0.14% risk free rate, 140% volatility and expected remaining life of the options of .53 years. The Company has booked an additional $8,406 to additional paid in capital and adjusted the deferred expense account accordingly. For the nine months ended September 30, 2015, $170,242 has been amortized to expense.
A summary of the status of the Companys outstanding stock options and changes during the periods is presented below: